Lemonade, Inc. (NYSE:LMND) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. reduced its stake in shares of Lemonade, Inc. (NYSE:LMND) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the company’s stock after selling 1,000 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Lemonade were worth $37,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Lemonade by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 5,343,492 shares of the company’s stock worth $195,999,000 after acquiring an additional 134,776 shares in the last quarter. JPMorgan Chase & Co. grew its position in Lemonade by 2,627.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,349,356 shares of the company’s stock worth $49,494,000 after purchasing an additional 1,299,891 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Lemonade by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 452,164 shares of the company’s stock worth $16,585,000 after purchasing an additional 3,867 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Lemonade by 402.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 275,161 shares of the company’s stock worth $10,093,000 after purchasing an additional 220,399 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Lemonade during the 4th quarter worth $7,269,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Lemonade Stock Down 0.1 %

Shares of NYSE:LMND opened at $29.50 on Tuesday. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -9.70 and a beta of 2.13. The firm’s 50-day simple moving average is $31.69 and its 200-day simple moving average is $33.61. Lemonade, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $53.85.

Lemonade (NYSE:LMND) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.42) EPS for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.19. The firm had revenue of $148.80 million for the quarter, compared to the consensus estimate of $144.78 million. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. On average, research analysts forecast that Lemonade, Inc. will post -3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

LMND has been the topic of several research reports. Morgan Stanley downgraded shares of Lemonade from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $35.00 to $24.00 in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their price objective on shares of Lemonade from $25.00 to $22.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 22nd. Finally, Piper Sandler lowered their price objective on shares of Lemonade from $44.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $28.17.

Insiders Place Their Bets

In other Lemonade news, insider John Sheldon Peters sold 1,899 shares of Lemonade stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.79, for a total transaction of $64,167.21. Following the completion of the transaction, the insider now owns 87,609 shares in the company, valued at approximately $2,960,308.11. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Softbank Group Capital Ltd sold 42,160 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $37.22, for a total transaction of $1,569,195.20. Following the completion of the transaction, the insider now directly owns 10,452,476 shares of the company’s stock, valued at approximately $389,041,156.72. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 248,634 shares of company stock worth $9,219,003. Insiders own 12.50% of the company’s stock.

Lemonade Company Profile

Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property.